HCCI · Heritage-Crystal Clean, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $709.33M | $515.33M | $405.95M | $444.43M | $409.85M | $365.96M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | $300.0K | $200.0K | $300.0K | $200.0K | $400.0K | $500.0K |
| SG&A | $70.78M | $56.99M | $47.09M | $50.22M | $47.71M | $47.40M |
| Total Operating Expenses | $496.43M | $352.80M | $321.65M | $349.60M | $323.17M | $276.10M |
| D&A | $35.73M | $23.54M | $24.56M | $18.25M | $16.16M | $17.97M |
| Operating Income | $118.40M | $83.00M | $18.01M | $12.86M | $21.54M | $35.43M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $30.41M | $21.12M | $4.83M | $3.24M | $5.45M | $5.92M |
| Net Income | $84.76M | $60.95M | $11.94M | $8.36M | $14.73M | $28.12M |
| EPS - Basic | $3.60 | $2.60 | $0.51 | $0.36 | $0.64 | $1.24 |
| EPS - Diluted | $3.58 | $2.59 | $0.51 | $0.36 | $0.63 | $1.23 |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $22.05M | $56.27M | $67.58M | $60.69M | $43.58M | $41.89M |
| Accounts Receivable | $114.41M | $62.51M | $48.48M | $55.59M | $51.74M | $45.49M |
| Inventory | $40.73M | $29.54M | $24.98M | $29.37M | $33.06M | $21.64M |
| Accounts Payable | $55.09M | $36.18M | $29.66M | $38.06M | $32.63M | $25.57M |
| Current Assets | $191.30M | $156.22M | $151.48M | $152.76M | $135.22M | $114.91M |
| Total Assets | $794.24M | $526.86M | $461.67M | $471.31M | $347.82M | $314.66M |
| Current Liabilities | $115.75M | $85.35M | $73.00M | $90.44M | $50.03M | $40.43M |
| Long-term Debt | $89.38M | $0 | $29.66M | $29.35M | $29.05M | $28.74M |
| Total Liabilities | $364.01M | $184.81M | $184.17M | $205.68M | $93.59M | $78.73M |
| Stockholders' Equity | $430.23M | $342.06M | $277.50M | $265.00M | $253.58M | $235.23M |
| Retained Earnings | $221.83M | $137.07M | $76.12M | $64.18M | $55.82M | $41.36M |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $92.60M | $91.05M | $44.77M | $53.25M | $30.07M | $45.33M |
| Investing Cash Flow | ($207.25M) | ($67.85M) | ($32.48M) | ($34.81M) | ($27.54M) | ($10.01M) |
| Financing Cash Flow | $80.44M | ($34.50M) | ($5.41M) | ($1.32M) | ($846.0K) | ($30.04M) |
| CapEx | $47.69M | $24.09M | $23.71M | $31.29M | $22.82M | $14.40M |
| Free Cash Flow | $44.91M | $66.96M | $21.06M | $21.96M | $7.25M | $30.93M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 16.7% | 16.1% | 4.4% | 2.9% | 5.3% | 9.7% |
| EBITDA margin | 21.7% | 20.7% | 10.5% | 7.0% | 9.2% | 14.6% |
| Net margin | 11.9% | 11.8% | 2.9% | 1.9% | 3.6% | 7.7% |
| Free cash flow margin | 6.3% | 13.0% | 5.2% | 4.9% | 1.8% | 8.5% |
| FCF / Net income | 0.53 | 1.10 | 1.76 | 2.63 | 0.49 | 1.10 |
| R&D / Revenue | 0.0% | 0.0% | 0.1% | 0.0% | 0.1% | 0.1% |
| SG&A / Revenue | 10.0% | 11.1% | 11.6% | 11.3% | 11.6% | 13.0% |
| Effective tax rate | 26.4% | 25.7% | 28.8% | 27.9% | 27.0% | 17.4% |
| Return on assets | 10.7% | 11.6% | 2.6% | 1.8% | 4.2% | 8.9% |
| Return on equity | 19.7% | 17.8% | 4.3% | 3.2% | 5.8% | 12.0% |
| Return on invested capital | 16.8% | 18.0% | 4.2% | 3.1% | 5.6% | 11.1% |
| Liquidity | ||||||
| Current ratio | 1.65 | 1.83 | 2.08 | 1.69 | 2.70 | 2.84 |
| Quick ratio | 1.30 | 1.48 | 1.73 | 1.36 | 2.04 | 2.31 |
| Cash ratio | 0.19 | 0.66 | 0.93 | 0.67 | 0.87 | 1.04 |
| Leverage | ||||||
| Debt / Equity | 0.21 | 0.00 | 0.11 | 0.11 | 0.11 | 0.12 |
| Debt / Assets | 0.11 | 0.00 | 0.06 | 0.06 | 0.08 | 0.09 |
| Debt / EBITDA | 0.58 | 0.00 | 0.70 | 0.94 | 0.77 | 0.54 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.85 | 1.54 | 1.66 | 1.78 | 1.37 | 1.34 |
| Liabilities / Assets | 0.46 | 0.35 | 0.40 | 0.44 | 0.27 | 0.25 |
| Efficiency | ||||||
| Asset turnover | 0.89 | 0.98 | 0.88 | 0.94 | 1.18 | 1.16 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 59d | 44d | 44d | 46d | 46d | 45d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 37.6% | 26.9% | -8.7% | 8.4% | 12.0% | 5.3% |
| Revenue CAGR (3y) | 16.9% | 7.9% | 3.5% | 8.5% | 5.4% | 2.6% |
| Revenue CAGR (5y) | 14.2% | 8.2% | 3.0% | 5.6% | 7.7% | 7.7% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 42.7% | 360.7% | 40.1% | -40.3% | -39.2% | 225.2% |
| Net income growth (YoY) | 39.1% | 410.6% | 42.7% | -43.2% | -47.6% | 381.4% |
| EPS growth (YoY) | 38.2% | 407.8% | 41.7% | -42.9% | -48.8% | 373.1% |
| EPS CAGR (3y) | 115.0% | 60.2% | -25.4% | 11.5% | 119.0% | - |
| EPS CAGR (5y) | 23.8% | 58.4% | 53.4% | - | 21.3% | 56.7% |
| FCF growth (YoY) | -32.9% | 218.0% | -4.1% | 202.8% | -76.6% | 39.2% |
| FCF CAGR (5y) | 7.7% | 24.7% | 18.2% | - | - | - |
| Book value growth (YoY) | 25.8% | 23.3% | 4.7% | 4.5% | 7.8% | 19.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-01-01.
Business segments
$490.60M totalEnvironmental Services Segment$293.49M · 59.8%
Oil Business Segment$197.11M · 40.2%
Product / service
$981.20M totalService$262.86M · 26.8%
Product$227.74M · 23.2%
Parts Cleaning Containerized Wasteand Related Products Services$178.24M · 18.2%
Rerefinery Product Sales$171.60M · 17.5%
Vacuum Servicesand Wastewater Treatment$64.59M · 6.6%
Antifreeze Business$27.82M · 2.8%
Field Services$20.97M · 2.1%
Oil Collection Servicesand RFO$20.11M · 2.0%
Oil Filter Business$5.40M · 0.6%
Environmental Services Other$1.85M · 0.2%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
2.16
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved